Ms Kenewendo said an agreement was signed in Addis Ababa, Ethiopia last month which had resulted in member states pledging to urgently work on its implementation which would then become a basis for TFTA
and ultimately for AFCTA.
The Tripartite Free Trade Area (TFTA
) which was signed in Sharm El-Sheikh in June 2015 has three key pillars, namely market integration, industrial development, and infrastructural development.
Established in 2015 by 26 countries in Southern, East and North Africa, the TFTA
is an attempt to resolve the difficulties posed by the overlapping membership of the 26 countries in multiple regional economic communities (RECs) such as SADC, COMESA, EAC and others, which seek to do the same things.
Eventually, Africa's other sub-regional regimes--at least five more are "recognized" by the African Union, which is fully behind the TFTA
and all of the subregional regimes--are also expected to join in, thereby unifying the continent under a single mechanism for "economic governance." To help bring about this continental union, in early September, the United Nations even launched "training" for African officials on how to negotiate and implement the "trade" regime being designed for them by globalist powerhouses in Europe, North America, and Asia.
will help create the predictability that is needed to attract local and international investors.
Right now, intra-African trade is assessed to be less than 15%, the TFTA
is about 25%, and global trade is at less than 5%.
will help create the predictability needed to attract local and international investors.
The deal on the Tripartite Free Trade Area (TFTA
) caps five years of negotiations to set up a framework for preferential tariffs easing the movement of goods in an area home to 625 million people.
Le coup d'envoi du marche commun africain a ete donne, hier, a Charm El-Cheikh (Egypte), par les 26 dirigeants de l'Afrique de l'Est (sur les 54 pays africains) instituant, apres cinq ans de negociations, la Zone tripartite de libre-echange (Tripartite Free Trade Area - TFTA
South Africa has consistently championed broader regional integration through SACU, SADC and the envisaged Tripartite Free Trade Area (TFTA
) that spans Eastern and Southern Africa, in order to correct imbalances in inherited trade relations and generate growth and reduce poverty.